TUNGARE MANOHAR FAMILY FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: TUNGARE MANOHAR FAMILY FOUNDATION INC (EIN 22-3537431)
Tax period: 2010-12-01 to 2011-11-30
Filed: 2012-10-29
IRS object ID: 201233049349100403
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Compensation Explanation
Gain Loss Sale Other Assets Sch
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-10-29T09:22:05-05:00	Timestamp
Tax Period End Date	2011-11-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WEBER SHAPIRO & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	900C LAKE ST	AddressLine1
City	RAMSEY	City
State	NJ	State
ZIP Code	074461246	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-12-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	223537431	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TUNGARE MANOHAR FAMILY FOUNDATION	BusinessNameLine1
Business Name Line2	INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	TUNG	NameControl
Phone	9735816277	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	200 LANIDEX PLAZA	AddressLine1
Address Line2	ROOM/SUITE 2ND FL	AddressLine2
City	PARSIPPANY	City
State	NJ	State
ZIP Code	07054	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SANDEEP TUNGARE	Name
Title	PRESIDENT	Title
Phone	9735816277	Phone
Date Signed	2012-10-12	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MARK S WEBER	Name
Phone	2013270400	Phone
Date Prepared	2012-10-29	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	4272143	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	110697	DividendsRevAndExpnss
Dividends Net Invst Incm	110697	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	135	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	22959	GrossSalesPrice
Total Revenue And Expenses	110832	TotalRevenueAndExpenses
Total Net Investment Income	110697	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	3225	AccountingFeesRevAndExpnss
Accounting Fees Adj Net Incm	3225	AccountingFeesAdjNetIncm
Other Prof Fees Rev And Expnss	43000	OtherProfFeesRevAndExpnss
Other Prof Fees Dsbrs Chrtbl Prps	43000	OtherProfFeesDsbrsChrtblPrps
Taxes Rev And Expnss	10668	TaxesRevAndExpnss
Taxes Adj Net Incm	10668	TaxesAdjNetIncm
Trav Conf Meeting Rev And Expnss	8116	TravConfMeetingRevAndExpnss
Trav Conf Meeting Dsbrs Chrtbl Prps	8116	TravConfMeetingDsbrsChrtblPrps
Other Expenses Rev And Expnss	22167	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	21802	OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm	365	OtherExpensesAdjNetIncm
Tot Opr Expenses Rev And Expnss	87176	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	21802	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	14258	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	51116	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	32500	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	32500	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	119676	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	21802	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	14258	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	83616	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-8844	ExcessOfRevenueOverExpenses
Net Investment Income	88895	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash EOY	2	CashEOY
Savings And Temp Cash Invst BOY	482428	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	287637	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	287637	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	4328602	InvestmentsCorpStockBOY
Investments Corp Stock EOY	3813297	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	3706609	InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY	249031	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	267362	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	277897	InvestmentsCorpBondsEOYFMV
Total Assets BOY	5060061	TotalAssetsBOY
Total Assets EOY	4368298	TotalAssetsEOY
Total Assets EOYFMV	4272143	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	5060061	UnrestrictedBOY
Unrestricted EOY	4368298	UnrestrictedEOY
Total Net Assets BOY	5060061	TotalNetAssetsBOY
Total Net Assets EOY	4368298	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	5060061	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	4368298	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	5060061	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-8844	ExcessOfRevenueOverExpenses
Subtotal	5051217	Subtotal
Other Decreases	682919	OtherDecreases
Total Net Assets Fund Balances EOY	4368298	TotalNetAssetsFundBalancesEOY

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	1778	InvestmentIncomeExciseTax
Subtotal	1778	Subtotal
Tax Based On Investment Income	1778	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	5500	EstTaxPaymentsAndOverpayment
Total Credits And Payments	5500	TotalCreditsAndPayments
Overpayment	3722	Overpayment
Amount Credited To Next Year	3722	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
At Least5000 In Assets	true	AtLeast5000InAssets
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	BONNIE ROGACKI	BooksInCareOfPersonName
Books In Care Of Phone Number	9735816277	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 LANIDEX PLAZA	AddressLine1
Address Line2	2ND FLOOR	AddressLine2
City	PARSIPPANY	City
State	NJ	State
ZIP Code	07054	ZIPCode

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
SANDEEP TUNGARE
501 JAMES STREET	MORRISTOWN	NJ	07960	PRESIDENT	10.00	0	0	0
VIDHYA TUNGARE
501 JAMES STREET	MORRISTOWN	NJ	07960	TRUSTEE	10.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	4142077	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	320612	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	4462689	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	4462689	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	66940	CashDeemedCharitable
Net Noncharitable Assets	4395749	NetNoncharitableAssets
Minimum Investment Return	219787	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	219787	MinimumInvestmentReturn
Tax Based On Investment Income	1778	TaxBasedOnInvestmentIncome
Total Tax	1778	TotalTax
Distributable Amount Before Adj	218009	DistributableAmountBeforeAdj
Distributable Amount Before Ded	218009	DistributableAmountBeforeDed
Distributable Amount As Adjusted	218009	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	83616	ExpensesAndContributions
Qualifying Distributions	83616	QualifyingDistributions
Adj Qualifying Distributions	83616	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	218009	DistributableAmountAsAdjusted
Undistributed Income Prior Year	44160	UndistributedIncomePriorYear
Qualifying Distributions	83616	QualifyingDistributions
Applied To Year1	44160	AppliedToYear1
Applied To Current Year	39456	AppliedToCurrentYear
Undistributed Income CY	178553	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
SAVE THE CHILDREN
54 WILTON ROAD	WESTPORT	CT	06880	NONE	501(C)(3)	CHARITABLE AND EDUCATIONAL	$5,000
BRITISH SCHOOLS & UNIVERS
575 MADISON AVENUE	NEW YORK	NY	10022	NONE	501(C)(3)	CHARITABLE AND EDUCATIONAL	$25,000
CRY AMERICA
P O BOX 850948	BRAINTREE	MA	02185	NONE	501(C)(3)	CHARITABLE AND EDUCATIONAL	$2,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	32500	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	110697	RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	135	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	110832	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	110832	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING	Category
Amount	$3,225	Amount
Adjusted Net Income	3225	AdjustedNetIncome

Compensation Explanation CompensationExplanation

Compensation Compensation (2 entries)

SANDEEP TUNGARE
VIDHYA TUNGARE

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (13 entries)

NameName	Date AcquiredDateAcquired	How AcquiredHowAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	BasisBasis	Total NetTotalNet
800 SHS NATIONAL CITY CAP	2006-10	PURCHASE	2011-11	20000	20000
15 SHS NATIONAL CITY CAP	2009-11	PURCHASE	2011-11	375	317	58
15 SHS NATIONAL CITY CAP	2010-02	PURCHASE	2011-11	375	343	32
15 SHS NATIONAL CITY CAP	2010-05	PURCHASE	2011-11	375	332	43
1 SH NATIONAL CITY CAP	2010-08	PURCHASE	2011-11	25	23	2
14 SHS NATIONAL CITY CAP	2010-08	PURCHASE	2011-11	350	343	7
14 SHS NATIONAL CITY CAP	2010-11	PURCHASE	2011-11	350	349	1
1 SH NATIONAL CITY CAP	2011-02	PURCHASE	2011-11	25	25
14 SHS NATIONAL CITY CAP	2011-02	PURCHASE	2011-11	350	349	1
14 SHS NATIONAL CITY CAP	2011-05	PURCHASE	2011-11	350	355	-5
1 SH NATIONAL CITY CAP	2011-08	PURCHASE	2011-11	25	25
14 SHS NATIONAL CITY CAP	2011-08	PURCHASE	2011-11	350	354	-4
.343 SHS NATIONAL CITY CAP	2011-08	PURCHASE	2011-11	9	9

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds (3 entries)

Name Of BondNameOfBond	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
GENERAL ELECTRIC	114350	116655
JP MORGAN CHASE	118464	126160
USB CAPITAL XII	34548	35082

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
EQUITIES	100000	80100
MUTUTAL FUNDS	3713297	3626509

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Field	Value	IRS element (for citing)
Description	COST BASIS ADJUSTMENT FROM PRIOR ACCOUNTANT.	Description
Amount	$682,919	Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome
EXPENSES
BROKER FEES	21802	21802
ANNUAL FEES	365		365

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	CONSULTANT	Category
Amount	$43,000	Amount
Disbursements Charitable Prps	43000	DisbursementsCharitablePrps

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategory	AmountAmount	Adjusted Net IncomeAdjustedNetIncome
STATE OF DELAWARE	$168	168
FEDERAL TAX	$10,500	10500

TUNGARE MANOHAR FAMILY FOUNDATION INC: Form 990PF, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Compensation Explanation CompensationExplanation

Compensation Compensation (2 entries)

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (13 entries)

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds (3 entries)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

Comments